News, Updates and Tax Advice

New Tax Laws for Tax Cuts and Jobs Act It’s certainly an interesting time to be a CPA. The provisions of the Trump tax act bring added complexity to areas of the law that were not simple, to begin with. Tax planning opportunities President Trump signed the most sweeping new tax legislation that the US...

Congress to U.S. Citizens: Pay Your Income Tax or Forfeit Your Passport A common question from the EXPAT community is what happens if I do not pay my US Taxes? Well for the first time, in addition to facing various IRS actions, a US Citizen could lose their US Passport and their ability to travel...

IRS Simplifies Entering the New Streamlined Filing Program We get new clients every week who have been living outside the US and are not filing their U.S. Income Tax Returns as required. Up until the Fall of 2012 we did not have much good news to tell these people. But in the Fall of 2012...

September is a month that marks many endings and many beginnings. Summer ends as the warm weather starts to fade away. Kids are heading back to school to meet new teachers and prepare for a new year. From a financial perspective, September is also a great time for a quick reboot of your financial mind-set....

The Term “personal finance” refers to how you manage your money and how you plan for your future. All of your financial decisions and activities have an effect on your financial health now and in the future. We are often guided by specific rules of thumb – such as “don’t buy a house that costs...

Streamlined Disclosure Program Won’t Continue Indefinitely A streamlined version of the Offshore Voluntary Disclosure Program, designed to bring taxpayers with unreported assets overseas into tax compliance, will end after the IRS determines there’s no way a taxpayer who wanted to participate couldn’t have heard about the process, Commissioner John Koskinen said. “At some point, we...

If you missed the June Deadline, Don’t Worry! There’s still time to file – We can Help. The June 15th expat tax deadline has passed, but it’s never too late to file your expat taxes! Whether you’re behind on filing this year or several years, we’re here to help and can explore your options together....

Brexit – Our Perspective Britain’s decision to exit the European Union has brought with it all the expected trappings of a significant news event – projections of crazy market volatility, wild headlines and a fair dose of uncertainty about the long-term impact on the global economy and our individual financial lives here at home. Many...